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CincyTech leaders warn proposed cut would shrink early‑stage support; say city funding leverages state match
Summary
CincyTech executives and former interns told council the manager’s recommended budget would cut annual city support from $250,000 to $75,000, a 70 percent reduction they said would reduce programming that seeds early‑stage companies and matches state funds.
Leaders and beneficiaries of CincyTech told the committee that a proposed reduction in the city’s annual grant to the venture development organization would weaken local early‑stage investment and training programs.
Emma Off, president and CEO of CincyTech, said historically the city provided $250,000 annually to CincyTech and that the manager’s recommended budget…
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